Why it is important to start ones investment for retirement as young as possible!!!
Posted By jonsyrose on December 18, 2007
The Rule of 72 can tell you how many years it will take your money to double. This is one of the principals and foundations of investment and retirement theory.
“The most powerful force in the universe is compound interest” Albert Einstein
Over the years there have been derivatives on the theme
1 The Rule of 72 is a mathematical concept that approximates the number of years it would take to double the principle at a constant rate of return. The performance of investments fluctuates over time, and as a result, the actual time it will take an investment to double in value cannot be predicted with any certainty. Additionally, there are no guarantees that any investment or savings program can outpace inflation. Please note that high risk has been historically associated with higher rates of return.
Copyright Jonathan Rose 2007 – Creative Commons License
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Creative Commons Attribution-Share Alike 3.0 United States License.
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